Monday, August 7, 2017

Filloon Updates The Midland -- Similar To Previous Updates -- August 7, 2017

Summary over at SeekingAlpha:
  • new well completions continue to produce more oil and this will continue to pressure the US Oil ETF (USO)
  • production improvements more than offset the increased costs
  • completions using more than 10 million lbs of proppant are improving economics in the Midland Core
  • the Midland core continues to be one of the best areas in the US, and this is why operators like PXD are hedging below $50/bbl

No comments:

Post a Comment